Comments on: What Were The Chances of Selling Your Seattle/Eastside Home in July, 2008?

By: What Were The Chances of Selling A Home in Kirkland, Washington in July, 2008? « Kirkland Highlands Real Estate Buzz

Thu, 18 Sep 2008 23:40:46 +0000

[...] a complete update on Eastside real estate, check out my eastside blog post. Possibly related posts: (automatically generated)Existing home sales rose 3.1 percent in July [...]

By: What Were the Chances of Selling a Home Near Microsoft in July, 2008? « West Redmond Real Estate Buzz

Fri, 15 Aug 2008 16:27:15 +0000

[...] activity. For a full report on the eastside area’s real estate activity check out my eastside blog. Posted in For Buyers, For Sellers, Local information, Market Statistics, Microsoft, Real Estate [...]

By: Debra Sinick

Debra Sinick — Wed, 13 Aug 2008 18:19:35 +0000

Hi Joe,

You are correct, the chances of selling each month are 100%. The operative word here is “were”. What “were” the chances of selling in a particular month that has passed. We can calculate the chances a home had to sell by the amount of available homes and the actual number of sales. This is the absorption rate, the chances of selling, for that particular month. Since July is now past, there is a 0% chance of selling in July, but 100% chance of selling the month of August, but only until the end of the month!

I am reporting on the actual chance of having sold in the previous month.

Both buyers and sellers like the hard data on what has sold and not sold and how many homes actually sell each month. It helps people determine pricing for listings and for offers. It’s the reality of the marketplace in a particular area.

By: Hair Farmer Joe

Hair Farmer Joe — Wed, 13 Aug 2008 06:39:57 +0000

Hi Debra – you crack me up every time I see one of these posts. THANK YOU!

The “chances” of someone selling a property during any time period are 100% – if they are priced realistically and they are properly represented. No more no less.

Bless you – and your sense of humor.